Highland Bank

This is Highland Bank, a community-focused bank offering SBA loan programs and financial services tailored for small businesses in the St. Paul area. You can find support for business growth, equipment financing, and real estate purchases, along with personalized banking assistance.

It's recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-ins are also welcome during business hours. Calling ahead can help you prepare for a smooth consultation.

Highland Bank is open Monday through Friday from 9:00 AM to 5:00 PM (lobby hours). Confirm with the bank for drive-up hours and exact branch timing.

There are no fees for initial consultations; however, loan processing and application fees may apply depending on the specific financing arrangement. Contact the bank for detailed fee information.

This service is open to small business owners and entrepreneurs in the St. Paul region seeking SBA financing. Residency is not a requirement, but business location and eligibility criteria apply.

Typically, Highland Bank looks for a minimum personal credit score of 650, but this can vary based on the loan type and overall application strength.

The underwriting process generally takes between 30 to 60 days, depending on the complexity of the loan and completeness of the application.

Highland Bank is closed on weekends. All locations maintain Monday through Friday business hours only. Confirm any holiday exceptions with your local branch.

Highland Bank is located in Minnesota — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for Highland Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Highland Bank itself, which runs its own lending under its own ownership. If you work at Highland Bank, you can claim this listing from this page to manage it.

The core details for Highland Bank — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Highland Bank before applying. If you represent Highland Bank, claim this listing to keep its information up to date.

You can reach Highland Bank by phone at (651) 698-2471 or submit an inquiry at https://highland.bank/about-us/contact-us/. For SBA lending, request their business lending department. Confirm details directly with Highland Bank.

Based on its approved SBA loans, Highland Bank most often finances businesses in manufacturing, restaurants & food service, construction & contractors, general retail, wholesale & distribution, and medical practices & clinics. This reflects Highland Bank's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Highland Bank which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Highland Bank participates in SBA Express depends on its specific SBA lending authority. Contact Highland Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Highland Bank can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Highland Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Highland Bank directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Highland Bank what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Highland Bank to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Highland Bank to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Highland Bank weighs this case by case under its own policy, so be upfront about your history and ask Highland Bank how it evaluates prior bankruptcies.